From Lagos to Nairobi

Ivorian e-commerce and logistics startup ANKA has found a new home under Global shop, a New York-based retail and commerce group, marking a significant development in Africa’s digital trade ecosystem. The acquisition — though the financial details remain undisclosed — signals a strategic move to integrate African online retail into global supply chains and expand…

In a surprising turn of events, Nigerian digital lending startup Lidya has shut down its operations, marking a significant setback for the country’s fintech ecosystem. The closure comes despite the company having raised a total of $16.45 million in funding from international investors, including major venture capital firms that once viewed Lidya as a promising…

In the often‑undercapitalised Francophone African startup ecosystem, Saviu Ventures takes a refreshingly pragmatic approach to exits. Rather than chasing elusive “unicorns”, the firm focuses on generating realistic returns through well‑planned, early exits. From day one they emphasise the endgame: the fund signals to founders that exit planning isn’t an afterthought but central to the strategy. As…

Nigerian fintech giant Moniepoint has raised $90 million in a Series C funding round, marking one of Africa’s largest fintech investments of 2025. The round attracted major participation from Visa,Goggle’s investmentment arm, and other global investors, highlighting renewed confidence in Africa’s rapidly evolving digital finance landscape. Moniepoint, which started as TeamApt in 2015, has grown…

Nigerians have withdrawn a staggering ₦15.98 trillion in cash over the past months as the Central Bank of Nigeria (CBN) gradually steers the country back toward traditional cash transactions and ATM usage. The surge comes amid the apex bank’s recalibration of its cashless policy, signaling a renewed effort to balance digital finance adoption with the…

A recent Amazon Web Services (AWS) outage has exposed a critical vulnerability in the Web3 ecosystem — its heavy reliance on centralised cloud providers. Despite being built on the promise of decentralisation, many blockchain startups and decentralised applications (dApps) depend on infrastructure controlled by a few large companies like AWS, Google Cloud, and Microsoft Azure….